1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
jolli1 [7]
3 years ago
8

Suppose gdp in this country is $800 million. enter the amount for government purchases. national income account value (millions

of dollars) government purchases ( gg ) taxes minus transfer payments ( tt ) 260 consumption ( cc ) 300 investment ( ii ) 300
Business
1 answer:
Bess [88]3 years ago
7 0

Answer:

Therefore government purchases is $300 million

Explanation:

In this case, GDP is the sum of consumption, investment, and government purchases. To calculate the value of consumption we use the formula:

CC + II + GG = Y

GG = Y - CC - II

Where:

government purchases = GG

taxes minus transfer payments (TT) = $260 million

consumption (CC) = $300 million

investment (II) = $300 million

Y = country GDP = $800 million

GG = Y - CC - II

Substituting:

GG = $800 million - $300 milllion - $300 million

GG = $200 million

Therefore government purchases is $300 million

You might be interested in
Sylvester Motors Inc. has the following balances at the end of the accounting period:
Makovka662 [10]

Answer:

C $49,000

Explanation:

none

4 0
2 years ago
Tom, Mary and Jill have apartments in the same building. A security system for their building costs $750. Tom is willing to pay
SSSSS [86.1K]

Answer: The efficient outcome is to have the security system installed. After the meeting the security system will <em><u>be installed</u></em>, which illustrates the <em><u>free rider problem.</u></em>

Free rider is the burden on resource which is been shared, the problem is created by its usage or over-exploitation by individual who aren't paying their fair share.

∴ Here Tom is a free rider. i.e. He is willing to pay $100 where he should've paid $250.

3 0
3 years ago
An economic model is useful only if it: ______________
finlep [7]

Answer:

b. contains no positive statements.

5 0
2 years ago
______ effect happens when the place a product was manufactured influences how consumers perceive the product.
stiks02 [169]

Effect happens when the place a product was manufactured influences how consumers perceive the product.  Country of Origin

What benefits do consumer product firms derive by marketing internationally?

Competition with other companies can be maintained. Sales and profits can be enhanced. Life cycles of products can be extended.

Country of origin:

Country of origin represents the country or countries of manufacture, production, design, or brand origin where an article or product comes from. For multinational brands, CO may include multiple countries within the value-creation process.

Learn more about country of origin:

brainly.com/question/19048062

#SPJ4

8 0
1 year ago
Westsyde Tool Company is expected to pay a dividend of $1.50 in the upcoming year. The risk-free rate of return is 6%, and the e
lawyer [7]

Answer:

Return on company's stock = 15.6%

Explanation:

<u><em>The capital asset pricing model (CAPM)</em></u><em> relates the price of a share to the market risk or systematic risk. The systematic risk is that which affects all the all the economic agents, e.g inflation, interest rate e.t.c</em>

Using the CAPM , the expected return on a asset is given as follows:

E(r)= Rf +β(Rm-Rf)

E(r) =? , Rf- 6%, Rm- 14%, β- 1.2

E(r)  = 6% + 1.2× (14- 6)%

        = 6%  + 9.6%

         = 15.6%

Return on company's stock = 15.6%

7 0
2 years ago
Other questions:
  • A company estimates its sales at 200,000 units in the first quarter and that sales will increase by 20,000 units each quarter ov
    13·1 answer
  • Suppose a security has a bid price of $100 and an ask price of $100.12. At what price can the market-maker purchase a security?
    5·1 answer
  • The profit margin on an item the company sells can best be defined as:
    13·1 answer
  • Charlet Company sells office chairs to its customers. On June 10, Charlet purchased 40 office chairs from one of its suppliers,
    6·1 answer
  • The ________________ desires to find a solution to a social problem rather than to simply earn profits.
    7·1 answer
  • Pam retires after 28 years of service with her employer. She is 66 years old and has contributed $42,000 to her employer's quali
    14·1 answer
  • Strategically thinking, why might management opt for other than the most economical choice
    6·1 answer
  • If someone owes you $100 right now, but they don't pay you for a year, you have lost the opportunity to collect _______________o
    6·1 answer
  • John works for Heinlein Hillclimbers in Wyoming, where he earns $26,500 annually. He contributes $150 per month to his 401(k), o
    8·1 answer
  • Why did the Confederation Congress have trouble meeting its financial obligations needed to fund government business
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!